ROANOKE TIMES 
                      Copyright (c) 1997, Roanoke Times

DATE: Saturday, January 18, 1997             TAG: 9701200116
SECTION: BUSINESS                 PAGE: A-8  EDITION: METRO 

REPORTED EARNINGS

Bedford Bancshares Inc.

1st qtr. ended 12-31 1996 1995

Net Interest Income $1.19 million $1.15 million

Net Income $357,000 $355,000

Share earnings 33 cents 31 cents

Bedford Bancshares Inc. is the holding company for Bedford Federal Savings Bank.

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